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Corporate Economy Expressions Markets Leisure 03 January, 1998   Norms may lead to asset-liability mismatch Non-banking finance companies (NBFCs) in the country are staring a crisis in the face, thanks to the RBI's new guideline limiting the borrowings of NBFCs through public deposits. The move is likely to trigger a huge asset-liability mismatch, thereby hampering the already problem-ridden sector.   Reserve Bank official exhorts exporters to tap new markets The Reserve Bank of India (RBI) has unveiled its plans for boosting export growth. The RBI has stressed upon the need to develop India's core sector as the infrastructural bottlenecks are believed to hamper export growth. The RBI is accordingly planning an infrastructural finance company to provide long term funds for infrastructure projects. Medium-term plan sees 3-fold hike in exports The Union commerce ministry has unveiled a medium-term strategy to achieve an export level of $90 billion and a 1% share for India in world exports by 2002. The strategy entails improving the competitiveness of exports, enhancing the production base for exports and focussing on technology upgradation. Reserve Bank acts -- post facto The Reserve Bank of India has barred 24 non-banking finance companies (NBFCs) from accepting deposits between April and December 1997. The RBI has also prohibited these NBFCs from selling and transferring their properties and assets following the CRB failure.   RBI to crack whip on errant auditors The Reserve Bank of India (RBI) has threatened to penalise "erring" auditors of non-banking finance companies (NBFCs). The RBI has ordered the statutory auditors of the NBFCs to issue a report highlighting the new RBI norms in a bid to ensure compliance with RBI's directions on supervision. Panel to examine cess imposition on cargo-handling The Union ministry of surface transport is setting up a small committee to look into imposing cess on cargo handling at ports. The move is a bid to enhance the infrastructure at the ports. The committee will also formulate an action plan to generate funds for port development.     NBFCs public-deposit access curbed; clamp on money mopup, interest rates   VDIS may rescue Chidambaram's opus   Medium-term plan sees 3-fold hike in exports   Deposit regulation bid   Leftists up in arms over Enron stake in Nambiars' Kannur power plan   New NPA norms for NBFCs may aid turnaround   Guidelines may trigger asset-liability mismatch   Creaky Congress hires image advisor to push poll prospects   Aviation ministry clears revised cabinet note on Tata-Raytheon project   MTNL to launch cellular service to suit middle-class pockets   Reserve Bank acts -- post facto   Singapore-Malaysia mega bridge opens   National quality policy will boost industry   Norms may lead to asset-liability mismatch   Hanoi puts a brave face on foreign investment plunge   French 1997 car sales drop to 22-year low   RBI to crack whip on errant auditors   Philippine peso hits new low in gloomy 1998   Reserve Bank official exhorts exporters to tap new markets   Panel to examine cess imposition on cargo-handling   Unido buoyant on local SMEs   "Germany has most to lose from monetary union"   No scope for ayen bloc in Asia for now, say experts   Congress to offer 14 seats to like-minded parties in state   Weak firms may be discouraged